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Mass Merchant

  • Dollar Tree to open at Summerfield Crossing Plaza

    Apollo Beach, Fla. -- Tampa, Fla.-based RMC Property Management Group announced that Dollar Tree will open a new 9,500-sq.-ft. store at Summerfield Crossing Plaza, located in Apollo Beach, Fla.

    The Dollar Tree Store will be constructed adjacent to a new 80,000-sq.-ft. Bealls department store.

    Dollar Tree is slated to open April 2011.

  • Giggle debuts in Arizona with Scottsdale Quarter location

    Scottsdale, Ariz. -- Columbus, Ohio-based Glimcher Realty Trust announced that infant furniture, accessory and clothing retailer giggle has joined the growing tenant roster at its Scottsdale Quarter project in Scottsdale, Ariz.

    The new store, which opened Dec. 2, is giggle’s 13th store and first in the state of Arizona.

    The giggle store will join other national tenants at Scottsdale Quarter, including Nike; Apple Store; A/X Armani Exchange; H&M, West Elm; and IPic Theaters.

  • Wal-Mart sues CVS over hiring of former exec

    New York City -- Wal-Mart Stores has filed suit against CVS Caremark Corp. to prevent CVS from hiring former Wal-Mart executive Hank Mullany, according to a Friday report by Bloomberg.

    CVS’s hiring of Mullany, former president of Wal-Mart’s northern U.S. division, would violate a noncompete agreement, Wal-Mart said in the complaint filed Thursday in Delaware Chancery Court.

    According to Wal-Mart’s complaint, CVS has indicated that it intends to hire Mullany without regard to the agreement.

  • Macy’s, J.C. Penney and Kohl’s beat November forecasts

    New York City -- Department store retailers enjoyed a strong November, with nearly all the leading chains topping analysts  projections.

    Macy’s reported Thursday that its same-store sales rose 6.1% in November, boosted by a strong Black Friday weekend. The company raised its earnings guidance.

  • Discounters and warehouse clubs beat expectations in November

    New York City -- The nation’s discount retailers and warehouse club operators posted strong sales in November, beating analysts’ expectations. The results were fueled by promotions and cold weather in some parts of the country, as well as strong Black Friday traffic.

    Target Corp. said Thursday more shoppers came to its stores in November and spent more than a year earlier, helping to fuel a 5.5% rise in same-store sales during the month. Analysts polled by Thomson Reuters, on average, expected a 3.7% gain.

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